Not bad; Increasing diversified portfolio.
Silver City can earn an 80% interest in the project by spending $800,000 over four years. The Company has agreed to spend a minimum of $100,000, including 350 metres of drilling before it can withdraw. Once Silver City has earned its 80% interest it will free-carry Thomson Resources until commencement of a definitive feasibility study when both companies will contribute to expenditures prorata.
Ann: New Base Metal-Gold Target Cobar District,TMZ-SCI.AX, page-2
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